In 2023, Turkey led the global export market for natural fluorine minerals with exports valued at $156.85 million, followed by Mexico and China. Other significant players included Canada, Mongolia, and Norway. These countries have shown stability or minor growth in their exports over the last two years. Notably, the Compound Annual Growth Rate (CAGR) over the last five years highlights moderate growth with Turkey demonstrating robust expansion, likely due to enhancements in mining technologies and increased demand.
Future trends to watch include:
- Increased demand from burgeoning industries like electric vehicles and electronics, driving growth in fluorine mineral exports.
- Potential regulatory changes and environmental standards could impact mining practices and export volumes.
- Countries investing in sustainable mining techniques may gain a competitive advantage, potentially reshaping market dynamics.
Top countries in Top Exporters of Natural Fluorine Minerals
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Turkey | 156.85 | 2016 | |
| 2 | 2 Mexico | 117.37 | 2016 | |
| 3 | 3 China | 110.56 | 2016 | |
| 4 | 4 Canada | 93.42 | 2016 | |
| 5 | 5 Mongolia | 58.97 | 2016 | |
| 6 | 6 Norway | 42.97 | 2016 | |
| 7 | 7 India | 34.37 | 2016 | |
| 8 | 8 South Africa | 30.31 | 2016 | |
| 9 | 9 Germany | 28.94 | 2016 | |
| 10 | 10 Spain | 16.8 | 2016 |
